Buhari Approves Reconstituted NBET Board

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  • Finance Minister Ahmed heads team

BY EDMOND ODOK, ABUJA – President Muhammadu Buhari has approved the reconstituted Board of Directors of the Nigeria Bulk Electricity Trading Company Plc (NBET) with Minister of Finance, Budget and National Planning, Mrs Zainab Shamsuna Ahmed, as the Chairman.

Membership of Board include: a Non-Executive Director from Ministry of Power, to be represented by a staff not below the level of a director; Mr Alexander Ayoola Okoh, as Non-Executive Director from Bureau of Public Enterprises (BPE), which has 80 per cent shareholding in NBET); Ms. Patience Oniha, Director-General, Debt Management Office (DMO), as Non-Executive Director; and Mr Ben Akabueze, Director-General, Budget Office of the Federation, – Non-Executive Director.

A statement by Yunusa Tanko Abdullahi, Special Adviser, Media and Communications to the Finance Minister, said also appointed are Suleyman Ndanusa, former Director-General of Securities and Exchange Commission (SEC), as Non-Executive Director (Independent); and Engineer Mustapha Balarabe Shehu, former President Nigeria Society of Engineers (NSE), as Non-Executive Director (Independent).

The list also has Mr Adeyeye O. Adepegba as Non-Executive Director (Independent); and Dr. Marilyn Amobi, as Managing Director and Chief Executive Officer.

According to the statement, the appointments take immediate effect.

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